Archive · Business Recorder
Copper steadies as dollar strength counters Chile supply worries
Copper prices held nearly steady on Tuesday as a firm US dollar countered support from supply concerns in top producer Chile. Benchmark three-month copper on the London Metal Exchange fell 0.2% to $14,590.50 a metric ton by 0126 GMT, after hitting a two-week high in the previous session. The most-traded copper contract on the Shanghai Futures Exchange was little changed at 110,720 yuan a ton. The dollar hovered near an 18-month high, underpinned by safe-haven demand amid escalating tensions in the Middle East. A stronger greenback makes dollar-denominated metals more expensive for holders of o...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →